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IBBI imposes penalty on liquidator for continuing same auditors for auditing of Co. under voluntary liquidation

June 19, 2020[2020] 117 181 (IBBI)

IBC : Where Liquidator failed to publish public announcement in newspapers within prescribed time of five days from his appointment and continued with same auditors for auditing financial information of company under voluntary liquidation who were also statutory auditors prior to commencement of voluntary liquidation, Voluntary Liquidation Process Regulation was contravented

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